–Adds Comments From German Govt Adviser To Story Sent 06:16 GMT
BERLIN (MNI) – France, Italy and some other Eurozone members, as
well as members of the European Central Bank Governing Council, are
considering giving Europe’s permanent bailout fund ESM a banking
licence, the German daily Sueddeutsche Zeitung (SZ) reported Tuesday.
The paper cited a senior Eurozone official as saying that the idea
is winning increasing support.
The German government and the Bundesbank, though, are still
opposing the idea, SZ wrote.
Peter Bofinger, a member of the German government’s council of
independent economic advisers, the so-called five wise men, said in a
television interview Tuesday that a bank licence for the ESM would be
wrong.
Central bank involvement “is okay as a temporary solution but not
as a permanent solution,” Bofinger told German ARD public television.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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